If you’re upsizing or buying a new home and need to borrow more than $417,000, give us a call today to ask about our Jumbo Loan Program. We offer great, low adjustable rates currently as low as 3.25%* to qualified borrowers.
We don’t sell these loans either. They will be serviced right here at One Nevada, not by some third-party lender. You’ll have peace of mind knowing you’re dealing with your credit union, in business since 1950.
Program details include:
- Maximum loan amount: $2,000,000
- 5-year adjustable rate loan (2/2/5)
- Initial rate of 3.25%*
- Available for purchases and refinances
- Maximum debt-to-income: 41%
- Minimum credit score: 740
- Maximum loan-to-value: 95%
- Primary residences only
*Rate accurate as of
05/01/16 and subject to change. Underwriting will follow Fannie Mae guidelines. Exceptions to be approved on case-by-case basis. Call us for more details. Payment example: If you have a $1,000,000 5-year adjustable rate mortgage loan at 3.25% (3.257% APR), with loan to value (LTV) of 80%, you would make 60 initial payments of $4,355.91.